Updated Nov 17, 2023
Washington Trust Provides $3.9M Financing For Industrial Property Acquisition At 75 John Hancock Rd, Taunton, MA
75 John Hancock Road
$3,900,000
$113/SF
Building Size
34,236 SF
Asset Type
Industrial
Closing
May 16, 2023
About this deal
AI
Washington Trust’s Commercial Real Estate Group has provided $3.9m in financing to a Berkeley Partners entity for the acquisition of an industrial property located at 75 John Hancock Road in Taunton, Mass. The property is an industrial asset with an address of 75 John Hancock Rd Taunton, MA 02780. The loan amount for this acquisition is $3,900,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Loan Type: Acquisition
Berkeley Partners, represented by their broker, was the buyer in this transaction. The property is an industrial asset located at 75 John Hancock Road in Taunton, Massachusetts.
Players
Boston Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93